Windey(SZ:300772)2022-03-07 16:00Financial Performance - The company's operating revenue for 2021 was ¥16,040,656,114.82, representing a 39.75% increase compared to ¥11,477,859,987.36 in 2020[28]. - Net profit attributable to shareholders for 2021 was ¥489,831,064.90, a significant increase of 183.13% from ¥173,006,288.51 in 2020[28]. - The net profit after deducting non-recurring gains and losses was ¥479,960,340.31, up 251.50% from ¥136,546,042.39 in 2020[28]. - The net cash flow from operating activities reached ¥2,297,924,147.77, a turnaround from a negative cash flow of ¥788,084,759.09 in 2020, marking a 391.58% increase[28]. - The total assets at the end of 2021 were ¥24,714,164,126.34, a 54.29% increase from ¥16,018,082,409.37 at the end of 2020[28]. - The company's basic earnings per share for 2021 was ¥1.59, reflecting a 169.49% increase from ¥0.59 in 2020[28]. - The weighted average return on equity for 2021 was 22.35%, up from 10.97% in 2020[28]. - The company's net profit margin improved to 16.84%, up by 3.00% from the previous year, with a gross profit margin of 16.84%[97]. - The company's overseas revenue accounted for 4.02% of total revenue, amounting to ¥645,253,982.32, with a 100% increase year-on-year[93]. Market and Industry Trends - The wind power installed capacity in China grew by 16.6% in 2021, indicating a favorable market environment for the company[42]. - The company is positioned to benefit from national policies supporting the development of renewable energy, particularly in wind and solar sectors[43]. - In 2021, China's renewable energy added installed capacity reached 134 million kW, accounting for 76.1% of the national new power generation capacity, with wind power contributing 47.57 million kW, representing 27% of the total[52]. - The average wind power generation in 2021 was 652.6 billion kWh, a year-on-year increase of 40.5%, representing 7.9% of the total social electricity consumption[52]. - The wind power industry is entering a "grid parity era" post-2021, with the cost of wind power generation expected to continue declining due to the acceleration of turbine size increases[55]. - The national goal of achieving 20% non-fossil energy consumption by 2025 is driving the development of renewable energy projects, including wind and solar power[49]. Company Operations and Strategy - The company has a registered capital of 1.5 billion RMB as of the end of 2021[21]. - The company has appointed Tianjian Certified Public Accountants as its auditing firm[27]. - The company is actively expanding its smart service business, which includes technical services and maintenance, as a new growth driver[67]. - The company plans to aggressively enter the offshore wind power market, focusing on Zhejiang and coastal provinces, aiming for industry-leading rankings[154]. - The company intends to accelerate its global strategic layout, enhancing its international marketing network to capture overseas market share[154]. - The company is focusing on expanding its market presence and enhancing its product offerings through new technology development and strategic investments[130]. Research and Development - The company's R&D investment amounted to ¥660,547,437.50 in 2021, representing 4.12% of operating revenue, an increase from 3.77% in 2020[115]. - The number of R&D personnel increased by 10.80% to 277 in 2021, with a proportion of 15.38% of total employees[115]. - The company has increased its inventory to ¥6,163,014,267.57, which is 24.94% of total assets, due to increased project execution[122]. - The company is in the R&D phase for offshore wind turbine projects, aiming to enter the offshore wind market[115]. Governance and Compliance - The company has established a robust internal control system to enhance governance and operational efficiency[172]. - The company emphasizes compliance with corporate governance standards as per relevant laws and regulations[172]. - The board consists of 9 members, including 3 independent directors, promoting a balanced governance structure[174]. - The company maintained independence from its controlling shareholders in terms of assets, personnel, finance, and operations, ensuring a complete and independent business system[180]. Investments and Acquisitions - The company made a significant equity investment of ¥26,996,589.33 in Hunan Huajun Wind Power, acquiring a 15% stake[126]. - The company has ongoing projects in wind power construction, with significant investments in various regions, including Hubei and Ulanqab[130]. - The company is exploring potential mergers and acquisitions to enhance its competitive position in the market[199]. Shareholder Engagement - A total of 128 announcements were disclosed throughout 2021, reflecting the company's commitment to transparency and investor relations[177]. - The company held 1 annual general meeting and 4 extraordinary general meetings, adhering to procedural requirements[173]. - The company has a dedicated board secretary responsible for information disclosure and investor relations management[177].